University of Missouri System faculty accept buyout offer

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Nearly 190 faculty members from the University of Missouri System have accepted buyouts and will retire by September 1.

The Columbia Missourian reported faculty meeting certain criteria – including being tenured and at last 62 – had until Friday to make their decision final. Faculty who took the buyout will receive a payment equal to 1.5 times their benefits-eligible salary.

The system president’s office said 94 of 226 eligible University of Missouri-Columbia faculty members – 42 percent – accepted the buyouts.

At Missouri-Kansas City, 47 percent – or 50 of 106 – eligible faculty accepted. Another 34 percent – 24 of 71 – of eligible University of Missouri-St. Louis faculty accepted, and 35 percent – 19 of 55 – of eligible faculty at Missouri University of Science and Technology faculty accepted.

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Information from: Columbia Missourian

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